Regulation 37 - Utilization of profits and investments
International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 Chapter IV GENERAL OBLIGATIONS OF A RECOGNISED STOCK EXCHANGE AND A RECOGNISED CLEARING CORPORATION
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Utilization of profits and investments requires approval, except board-approved treasury investments; unrelated activities require a separate legal entity. Utilization of profits and investments by a recognised stock exchange or recognised clearing corporation must comply with norms specified by the ... Summary
Utilization of profits and investments requires approval, except board-approved treasury investments; unrelated activities require a separate legal entity.
Utilization of profits and investments by a recognised stock exchange or recognised clearing corporation must comply with norms specified by the Authority. Deployment of funds generally requires prior approval. Treasury investments are exempt where they comply with a governing-board-approved investment policy. Activities involving fund deployment or otherwise unrelated or not incidental to market infrastructure functions may be undertaken through a separate legal entity, subject to the Authority's approval.
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